SF Holding(SZ:002352) Zhong Guo Neng Yuan Wang·2026-01-20 01:24Group 1: Industry Dynamics - The overall container shipping price has slightly decreased, with the SCFI composite index dropping by 4.4% to 1574 points [8] - In the express logistics sector, SF Express and J&T Express have entered a strategic mutual shareholding agreement worth HKD 8.3 billion, aiming for collaborative growth in both domestic and international markets [2] - Xiamen Xiangyu has released its strategic plan for 2026-2030, focusing on high-quality development and optimizing its business portfolio across various sectors [3] Group 2: Air Transport - China Southern Airlines has significantly increased its investment in Shantou Airlines, raising its registered capital from CNY 280 million to approximately CNY 1.504 billion, an increase of 437.25% [4] - Cambodia has announced a four-month visa exemption for Chinese tourists, effective from June 15 to October 15, 2026, which may boost travel demand [4] - The Philippines has implemented a 14-day visa exemption for Chinese citizens, valid for one year, which could enhance tourism and travel between the two countries [4] Group 3: Shipping and Port Operations - The BDTI index for crude oil shipping has increased by 15.61% to 1388 points, indicating a positive trend in oil transportation rates [8] - The BDI index for bulk shipping has decreased by 10.2% to 1591 points, reflecting a decline in bulk shipping rates [8] - China's port cargo throughput has increased by 3.06% week-on-week, with container throughput rising by 5.50% [8] Group 4: Road and Rail Transport - National logistics operations have been running smoothly, with rail freight increasing by 10.26% and highway truck traffic rising by 17.3% during the week of January 5-11, 2026 [10] - Gansu Expressway reported a 3.18% year-on-year increase in net profit for 2025, driven by growth in smart transportation services [11] - The issuance of short-term financing bonds by China Merchants Expressway at a low interest rate of 1.58% indicates favorable financing conditions [11] Group 5: Investment Opportunities - The express delivery sector is expected to benefit from resilient demand and a reduction in competition, with companies like SF Express and JD Logistics poised for growth [12] - The oil transportation market is anticipated to improve due to OPEC+ production increases and favorable economic conditions, with companies like China Merchants Energy and COSCO Shipping Energy being potential beneficiaries [13] - The shipping market is expected to recover, driven by environmental regulations and increasing demand for bulk commodities, with companies like China Merchants Energy and Hainan Airlines being highlighted for their growth potential [13]